Funding you earn now, next payment 08:00 UTC+0.0018%/8h= +1.9% APRpaid last 24h +0.148%
Price spread now: edgeX against Lighter+0.113%79s7-day average +0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs+$35as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$220.221% of the position
Funding, last 7 days+0.568%+$57 on $10k
+Price spread, last 4 days (all we have)−0.039%−$4 · spread now +0.113%, 7d avg +0.028%
=Together, before fees+0.529%+ Points / potential airdropLighter: Season 3 · edgeX: Active · farm board+$53 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and edgeX is 0.085% dearer against Lighter than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.028%. The two prices were read 79 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter COIN | 195.86 | 0.0032 | pay 0.0004% / 1h | 34m 05s | $362K | $2.3M | 10x |
| Short | edgeX COINUSDC | 196.08 | 0.0050 | get 0.0025% / 4h | 34m 05s | $50K | $295K | 10x |
Lighter COIN
edgeX COINUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Lighter. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $3.69
- Price spread: +0.113% → +0.028%
- $8.49
- Slippage, 4 orders
- −$13.08
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$9.9
- Costs to cover
- 0.221%
- Break-even
- 25.8 days
Slippage from Lighter: live order book, 3 min ago; edgeX: live order book, 4 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Lighter live order book, 3 min ago | 0.13 bp | 0.9 bp −$1 | 2.5 bp −$25 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 4 min ago | 5.61 bp | 10.6 bp −$11 | 16.6 bp −$166 | doesn't fit | doesn't fit |
COIN on 26 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective COIN/USDC PERP | −0.0440% | 1h | 196.04 | +0.094% | $43K | $48K | 30x | as long as short |
| Bitget COINUSDT | −0.0348% | 8h | 196.08 | +0.114% | $6.4M | $10.6M | 20x | as long as short |
| Vest COIN-USD-PERP | −0.0047% | 1h | 195.55 | −0.156% | — | $326K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 195.76 | −0.047% | $342K | $890K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 195.93 | +0.039% | $106K | $861K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 195.89 | +0.017% | $15.0M | $82.2M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 195.88 | +0.012% | $4.7M | $6.2M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 195.92 | +0.033% | $3.0M | $4.7M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 195.94 | +0.043% | $1.2M | $7.3M | 50x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 195.93 | +0.036% | $712K | $974K | — | as long as short |
Injective COIN/USDC PERP
Bitget COINUSDT
Vest COIN-USD-PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Variational Omni COINShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 196.29 | +0.223% | $22K | $2.8M | 10x | as long as short |
| Lighter COINlong | +0.0032% | 1h | 195.86 | long leg | $362K | $2.3M | 10x | |
| Lighter RH COIN | +0.0032% | 1h | 195.84 | −0.008% | $463K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 196.19 | +0.171% | $17K | $58K | 5x | as long as short |
| edgeX COINUSDCshort | +0.0050% | 4h | 196.08 | +0.113% | $50K | $295K | 10x | |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 195.75 | −0.054% | $15.1M | $13.0M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 195.84 | −0.008% | $134K | $1.4M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 195.88 | +0.012% | $100 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 195.74 | −0.059% | $445K | $2.8M | 10x | as long as short |
| QFEX COIN-USD | +0.0065% | 1h | 195.93 | +0.038% | $1.3M | $2.9M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 195.76 | −0.049% | $987K | $136K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 195.72 | −0.069% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 195.94 | +0.043% | $567 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 195.96 | +0.052% | $116 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 195.89 | +0.017% | $187K | $436K | 20x | as long as short |
| Phoenix COIN | +0.0163% | 1h | 195.87 | +0.007% | $4K | $283K | 10x | as long as short |
GRVT COIN_USDT_Perp
Lighter RH COIN
Arcus COIN-USD
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
QFEX COIN-USD
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
Phoenix COIN